CHAPTER 1 INTRODUCTION 1.1: An Overview In the early 1950s, theory was developed by Franco Modigliani and his student Richard, Based on the assumptions of how people want to spend
Continue readingRationality of the Life Cycle Hypothesis (LCH)
CHAPTER 2 LITERATURE REVIEW 2.1 INTRODUCTION This chapter discusses the theoretical and empirical literature on dividend policy. Section 2.2 reviews the theoretical literature of dividend policy beginning with the irrelevance
The absolute prohibition of riba and gharar in the Qur’an is to establish the economic system from which all forms of exploitation and elimination, in particular, which confirmed the injustice
Share this: Facebook Twitter Reddit LinkedIn WhatsApp According to the academic work of Fama (1970), efficient market hypothesis (EMH) becomes one of the most significant study topics in the finance and economic field step by
Continue readingEfficient Market Hypothesis (EMH) and China’s Economy
Behaviour of Macroeconomic Indicators Through Time Series Analysis and Granger Tests Predicting the future outcomes of any indicator have had been considered one of the essential most analyses in
In this paper the author explained that each effect has an inherent risk in its operation which is generally related to the economic conditions in which the firm is operated.
2.1 INTRODUCTION In Chapter One—Introduction, we have introduced about the gold, international monetary system, the uses of gold, and the influences of gold in the world. Moreover we have defined
Theoretical foretelling about the effects of exchange rate on FDI are somewhat mixed across the literature. A number of studies indicate that exchange rate slump encourages the foreign direct investment
Jacobs and N. Levy (1988) calendar anomalies have long been part of market tradition. Studies of the day-of-the-week, holiday and January effects first began to appear in the 1930s and
Continue readingEffects of Calendar Holidays on Stock Return
Efficient Market Hypothesis and the Theory of Efficiency Markets Over the two last decades, extensive studies and research has documented the existence of weak form efficiency market and their
INTRODUCTION Overview We may not always realize it, but interest rates play an important role in our everyday lives and can greatly affect our buying power. Consequently, the overall trend
Share this: Facebook Twitter Reddit LinkedIn WhatsApp The research by (Taylor, Drummond, & Gomes, 1986) related to effectiveness of subsidized credit programs in improving the productivity of traditional farmers in developing countries the credit program
Continue readingEffect of Credit Programmes on Farm Productivity
Capital structure aims to yield the lowest cost of capital basically it refers debt to equity ratio of the firm. To determine the optimum capital structure the capital amount should
During the eighteenth and nineteenth centuries, India supplied Britain with raw materials and a market for manufactured products. Britain became increasingly reliant on India for raw materials such as cotton,
Share this: Facebook Twitter Reddit LinkedIn WhatsApp Introduction: Equity markets today are important participants in economic activity. They are an important source of funds to corporations that utilize them for trade and capital expansion hence,
Continue readingEffects of Corporate Scandals in the Stock Market
According to economic survey of Pakistan (2006), in line with the rising growth rate of GDP, demand for energy has also grown rapidly. The magnitude by which economies are hurt
Share this: Facebook Twitter Reddit LinkedIn WhatsApp The world’s financial market are categorized into three different classification namely developed, emerging and frontier markets, (FTSE 2003). This classification was done on the foundation of size of
Continue readingMacroeconomic Variables and Nigerian Stock Market
Introduction The subject of this study is oil prices and their impact on the economy as a whole. Oil plays a crucial role in the world’s economy and has a
Dividend policy in the firm has been the major issue for understanding how managers set dividend and change dividend given to stockholders. The extant literature on dividend payout ratios provides
Free cash flow is the amount of cash that a company has on hand after it has paid all of its expenses, together with investments. Free cash flow is crucial since